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411 University St, Seattle

Dallas Texas: Asking $145,000.00

*Banner Numbers Below Are For 2021

Dallas Texas Chiropractic Practice For Sale

*The following practice information was supplied on April 2022

This successful practice has been serving the Dallas Texas community for the past forty years. The 1635 sq. ft. clinic is located in a professional building in good condition with adequate parking. The office was remodeled just a few years ago. The rent on the clinic would be $6,062.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $91,826.00. The clinic does not have EHR. There is on-site non digital XRay. Tables are bench and decompression.

Dallas, a modern metropolis in north Texas. It is the commercial and cultural hub of the region as well as a hub for transport, finance, and telecommunications companies. Dallas is chock-full of exciting attractions, art museums, restaurants, shops, parks and more. Dallas has a population of 1.3 million with 2.6 million in the surrounding Dallas County. Dallas County is listed as one of the best places to live in Texas. The schools are highly ranked with one of the best school systems in the country for STEM. All this makes Dallas Texas a fantastic place to live, work and raise a family.

During the last 12 months, this practice averaged 17 new patients per month and 220 monthly office visits. This puts the patient visit average at 13. For the next 12 months the practice rendered $21,397.00 in monthly collections. The average patient visit is $80.00.

The current doctor wishes to sell in order to retire.

All fees are commensurate with others in the area. There are no receivables figured into any of our formula but these may be purchased at closing for an additional amount of money if both buyer and seller agree.

The current doctor describes this practice as offering a full range of family based chiropractic care.

Chiropractic technique of choice is Diversified, Gonstead and Thompson.

The clinic currently employs one full time receptionist/office manager. The doctor states that they do not have any malpractice suits, insurance audits or board charges active or currently pending. The doctor does pay themself a salary, but that salary is not included in the monthly overhead that would accrue to the buyer.

The average monthly overhead is approximately $10,489.00.

New patients are primarily gained through:
70% Patient Referrals
10% MD Referrals
20% Ads

The practice is:
10% Cash
10% Personal Injury
60% Major Med
15% Medicare
5% Workers Comp
The doctor participate in most local insurance programs.

Current office hours are:
9:00am until 6:30pm Monday-Wednesday.
9:00am until 6:30pm on Fridays.
9:00am until noon on Saturday.
The practice is closed on the remaining days.

INCOME:
2019- $225,786.00
2020 – $155,504.00
2021- $249,904.00
3 year average= $210,398.00

*The numbers in this practice analysis have not been subjected to an audit, but have been furnished entirely by the seller. Premier Practice Consultants, LLC., for evaluation consulting, does not accept liability for accuracy.